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DAVOS 2023: Saudi FM Says Oil Price Stability Reflects Correct OPEC+ Policy

DAVOS, Switzerland - Saudi Arabia's foreign minister said on Tuesday that oil price stability showed the kingdom was correct in its position during last year's row with the United States over the OPEC+ decision to reduce oil output targets.

Prince Faisal bin Farhan Al Saud said his country, the world's top oil exporter, has a responsibility to continue to provide that stability to oil market and world economies and that Riyadh would have a robust dialogue with traditional ally Washington to continue to work through any issues.

He said Saudi Arabia was committed to the clean energy future but that there was a need to ensure reliability in traditional forms of energy at the same time.



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